1. What is the New Pension System (NPS)?
The NPS is a new contributory pension scheme introduced by the Central Government for employees joined in Government Service on or after 1.1.2004. During the year 2009, the NPS was kept open for public.
2. Who is covered by the NPS?
a. Employees who have joined central government service on or after 01 January 2004 including Railways, Posts, Telecommunication or Armed Forces (Civil), Autonomous Body, Grant-in-Aid Institution, Union Territory or any other undertaking whose employees were eligible to a pension from the Consolidated Fund of India., earlier.
b. This contribution pension scheme is also open to any Indian citizen between the age of 18 and 55.
3. I am covered by the NPS. Can I contribute to the GPF?
No. The General Provident Fund ( Central Service) Rules, 1960 is not applicable for employees covered by NPS.
4. I Am covered by the NPS. Am I eligible to Gratuity?
No. You will not be eligible to Gratuity.
5. How does the NPS work ?
When you join Government service, you will be allotted a unique Personal Pension Account Number (PPAN). This unique account number will remain the same for the rest of your life. You will be able to use this account from any location and also if you change your job. The PPAN will provide you with two personal accounts:
1. A mandatory Tier-I pension account, and
